I am in the process of purchasing a townhome and would like to know if it can be covered by an HO-6 policy. Do townhomes fall under the same classification as condominiums, or will I have to get a regular homeowners policy?
Question
Can a townhome be covered under an HO-6 insurance policy?
Agent Answer
That depends on what parts of the property you are responsible for. If the townhouse shares walls and you are not responsible for the outside of the property but own the townhouse (like a condominium) then you qualify for an HO6. If you own the outside structure, you may need a regular homeowners policy. Good luck and if you have any questions, don’t hesitate to ask.